Shanxi Securities updates governance, approves new cash dividend policy

Shanxi Securities Company Limited held its First Extraordinary General Meeting of Shareholders on December 25, 2025, approving several key amendments to its corporate governance. Shareholders passed resolutions to modify the Articles of Association, Rules of Procedure for the General Meeting of Shareholders, Rules of Procedure for the Board of Directors, Rules for Implementing Online Voting at General Meetings, Cumulative Voting Implementation Rules, Independent Director System, Management System for Directors, Supervisors, and Employees' Remuneration, Related Party Transaction Management System, Cash Dividend Management System, External Guarantee Management System, and Management System for Raised Funds.

Specifically, the updated Cash Dividend Management System, effective from December 2025, mandates that the company must distribute at least 10% of its distributable profits in cash annually, provided it is profitable and has positive accumulated undistributed profits, with no significant operational impacts. This system also outlines differentiated cash dividend policies based on the company's development stage and capital expenditure plans, with minimum cash distribution ratios ranging from 20% to 80%.

The resolutions were approved by a significant majority of shareholders, with 99.7734% of votes in favor of the Cash Dividend Management System amendment. These changes are designed to enhance transparency, protect investor interests, and ensure a scientific, continuous, and stable dividend mechanism.